COMPANY TOWN ANNEX

Turner Resigns Seat on TCI Board: Tele-Communications Inc. said Ted Turner, chairman and president of Turner Broadcasting System Inc., has resigned his seat on the giant cable operator’s board, effective immediately. Turner, who joined the nine-member board of Englewood, Colo.-based TCI last year, is leaving “due to responsibilities accompanying the recently announced Turner-Time Warner proposed merger,” a Tele-Communications statement said.